Daily Archives: April 8, 2009
Gold Rises with Nearly Everything Else
DGS Unveils New, Super Easy On-Line Submission Form
Gold: False, Misleading Statements Abound, According to Expert
A veteran precious metals expert, Barry Stuppler of Woodland Hills, California, President of the American Numismatic Association, cautions there are many false and misleading statements repeatedly made about gold as part of a diversified portfolio. He believes we'll see hyperinflation and gold at $2,011 an ounce by the end of 2011.
Woodland Hills, CA -- False and misleading statements about gold as part of a diversified portfolio are frequently repeated in the news media, according to Barry Stuppler, president of the non-profit, 32,000-member American Numismatic Association.
"Some of the hackneyed arguments against gold come from financial analysts who work for brokerage houses that have a vested interest in steering money toward equities they sell and away from physical gold ownership. Some news organizations are giving out the same incorrect or misleading comments," said Stuppler, who is also president of Barry Stuppler & Company, Inc. of Woodland Hills, California, a rare coin and precious metals dealership.
Here are frequently encountered arguments against investing in gold and Stuppler's responses based on his over 30 years of professional experience in the gold and silver markets.